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    500 N Dearborn St Chicago, IL 60654

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    For Lease
    Contact for pricing

    Office space in historic River North location for rent.

    Property size:
    12,000 SF
    Lot size:
    0.28 Acres

    Property Features for 500 N Dearborn St

    General Information

    Size
    12,000 SF
    Lot size
    0.28 Acres

    Source: Friedman Properties Agent Brian Chernett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    River North Office Space Available

    This 12,000 square foot office space is located in River North. The property is listed on the National Register of Historic Places and is owner-managed. The building features a secure sentex security system with 24-hour surveillance. It offers excellent access to public transportation and ample public parking nearby. The art deco lobby reflects the design period. The building is equipped with three passenger elevators and one dedicated freight elevator. In-building courier drop-boxes are available. The property is surrounded by award-winning restaurants and high-end retail establishments. It is equally accessible to the Loop, Merchandise Mart, and Michigan Avenue. The building is home to RPM Italian and The Underground. The property is suitable for office, retail, or restaurant use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Proven Behavioral Health Psychologist Merle S. Holland, ... Psychologist Hotel Blake, Ascend ... Hotel Broadway Playhouse Theater Company Inspire Chiropractic: Ariana ... Chiropractor

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6294995
    Latitude
    41.8755889

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    FAQs

    What type of property is this?
    Office space - Office space in historic River North location for rent.
    Where is this office space located?
    The property is located at 500 N Dearborn St Chicago, IL.
    What are key features of this property?
    This property features: - Prime River North location, accessible to key areas.; - Listed on the National Register of Historic Places with an Art Deco lobby.; - Secure building with Sentex security system and 24-hour surveillance.
    (312) 644-1100
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 N Dearborn St Chicago, IL 60654
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